LG Display reports Q3 loss as downturn undermines device demand - WHTC

SEOUL (Reuters) – South Korean flat-screen shaper LG Display Co Ltd posted connected Wednesday its 2nd consecutive quarterly loss, arsenic soaring ostentation and a gloomy economical outlook dealt a further stroke to lacklustre request for TVs and smartphones.

The Apple Inc supplier posted a 759 cardinal won ($532.13 million) operating nonaccomplishment for the July-September quarter, compared with a nett of 529 cardinal won successful the aforesaid play past year.

It missed an mean forecast of a 474 cardinal won nonaccomplishment from 12 analysts polled by Refinitiv SmartEstimate.

($1 = 1,426.3300 won)

(Reporting by Joyce Lee; Editing by Jacqueline Wong)